The size of the global body composition analyzers market is predicted to grow USD 1136.16 million by 2027 and USD 610.42 million in 2022, growing at a CAGR of 13.23% during the forecast period.
Body composition stands for the proportion of fat and fat-free mass present in the body. It describes the percentages of fat, bone, water, and muscle in human bodies. Body Composition Analyzers (BCAs) are used to measure body composition.
Healthy body composition refers to the one that includes a lower proportion of body fat and a higher ratio of fat-free or lean mass. Since muscular tissue takes up lesser space in the body than fat tissue, leanness is determined by body weight and body composition. Body Composition Analyzers (BCAs) assess body composition and evaluate the risk of individuals developing diseases like truncal and abdominal obesity.
MARKET DRIVERS:
The growth of the global body composition analyzers market is majorly driven by the increasing consciousness of people towards health and fitness.
The market for body composition analyzers is expected to expand due to the rising incidence of obesity, overweight, aging population globally, higher funding from government and global healthcare institutions for preventive healthcare practices. Growing health and fitness consciousness, metabolic disorders, and heart disease are also likely to boost the market demand. The development of the body composition analyzers market is also fuelled by a rise in government programs for a healthier lifestyle, other healthcare organizations, and the World Health Organisation (WHO).
Furthermore, the rising obese populace, increasing utility of these analyzers in the sports and fitness industry, and the growing government initiatives to encourage fitness consciousness and physical activity among people are expected to drive market growth.
Body composition analyzers also aid in measuring various substances found in the body and provide precise values at the time of examination. In addition, some analyzers can detect accumulated changes in body structure over a given time span. Due to this, the market for body composition analyzers is expected to expand in response to rising health club memberships and increased health consciousness among the general public. During the projected era, developing economies like India and China are expected to offer attractive growth opportunities to key market players.
MARKET RESTRAINTS:
However, the high cost of the equipment and the inaccuracy of various analyzers are some of the constraints faced by the market. Accurate body composition analyzers will determine a person's probability of contracting a particular condition, such as obesity. Furthermore, skinfold tests can be used in cohort trials with obesity-related diseases is a challenging factor.
Impact of COVID-19 on the global body composition analyzers market:
The COVID-19 pandemic has decimated many sectors, but the food, nutrition, and fitness industry are bucking the trend. Consumers have increased their spending on health-related products and services, including dietary supplements, functional diets, nutraceuticals, indoor fitness, and weight control. A body composition analyzer (BCA) is a device that calculates weight, body fat, water percentage, BMR, DCI, metabolic age, bone density, muscle mass, physique, and visceral fat score. Because the risk of COVID-19 infection remains high in obese patients, demand for Body Composition Analyzers is expected to rise. Furthermore, people's lifestyles have been much more sedentary than ever due to lockdowns and stay-at-home instructions. Often, people now have a lot of free time than they did before. Many people drink carbo-hydrated beverages and consume unhealthy fat due to a shift in lifestyle and the growing comfort of home-delivered food. As a result, many people turn to home workout regimens and fitness workshops as their health awareness increases. These advances are expected to have an effect on the market for health-monitoring body structure analyzers. Therefore, due to this COVID-19 pandemic is expected to boost the market growth positively.
REPORT COVERAGE:
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REPORT METRIC |
DETAILS |
|
Market Size Available |
2021 to 2027 |
|
Base Year |
2021 |
|
Forecast Period |
2022 to 2027 |
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Segments Analysed |
By Product, End User, and Region |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Analysed |
North America, Europe, Asia Pacific, Latin America, Middle East, and Africa |
This research report on the global body composition analyzers market has been segmented and sub-segmented into the following categories.
Body Composition Analyzers Market - By Product:
Based on the product, the bio-impedance analyzers segment of the global body composition analyzers market is expected to hold the largest share. The advantages of bio-impedance analyzers over other body composition analyzers, such as ease of use, low cost, and higher precision, can be due to their wide market share.
Body Composition Analyzers Market - By End User:
The increase in the number of fitness clubs and health centers worldwide stimulates the sale of body composition analyzers, propelling the industry further. In addition, hospitals are purchasing body structure analyzers for the treatment of a variety of diseases. The growing trend of living a healthier lifestyle, combined with the advent of smaller, more portable, and easier body composition analyzers, has increased demand for these devices worldwide, particularly in developing countries.
Body Composition Analyzers Market - By Region:
Based on region, North America leads the global body composition analyzers market, accounting for the significant global market share, owing to the deeper technology integration and market access. One factor propelling the demand of the body composition analyzers market is the increasing demand for health monitoring devices. When the number of sports injuries rises, so does the need for body structure analyzers in diagnostics, rehabilitation, and therapy centers to monitor athletes' fitness and help in their recovery.
Europe comes in second in terms of market share. However, Asia-Pacific is expected to expand at the highest CAGR during the forecast period, majorly because of the increasing health and fitness awareness among a vast population base and rising disposable incomes. Healthcare facilities produced the most revenue for body composition analyzers in the APAC industry, led by weight loss and therapy facilities. In addition, the increasing prevalence of fast food associated with the increasing disposable income and hasty economic growth, resulting in unhealthy lifestyles, is additionally driving the demand for the body composition analyzers market.
The growth of the Body Composition Analyzers Market in Latin America is driven by factors such as the increasing awareness among the people about the problems associated with obesity and the benefits of maintaining appropriate fitness levels.
Other factors driving the Asia-Pacific market include the rising use of BCAs in the sports and fitness industry and increasing government expenditure to increase awareness about physical activity and encourage health consciousness among the populace.
The growth of Body Composition Analyzers Market in the Middle East & Africa is driven by the increasing consciousness of people towards health and fitness, expanding obese populace, increasing utility of these analyzers in the sports and fitness industry, and the rising government incentives to encourage fitness consciousness and physical activity among people, are expected to be the drivers of market growth.
KEY MARKET PLAYERS:
Some of the notable companies leading the global body composition analyzers market profiled in this report are InBody Co., Ltd (South Korea), Tanita Corporation (Japan), Omron Corporation (Japan), Hologic, Inc. (U.S.), and GE Healthcare.
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Product
5.1.1 Introduction
5.1.2 Bio-Impedance Analyzers
5.1.3 Dual Energy X-Ray Absorptiometry Equipment
5.1.4 Skinfold Callipers
5.1.5 Air Displacement Plethysmography
5.1.6 Hydrostatic Weighing Equipment
5.1.5 Y-o-Y Growth Analysis, By Product
5.1.6 Market Attractiveness Analysis, By Product
5.1.7 Market Share Analysis, By Product
5.2 End User
5.2.1 Introduction
5.2.2 Hospitals
5.2.3 Fitness Clubs and Wellness Centres
5.2.4 Academic & Research Centres
5.2.5 Home Users
5.2.6 Y-o-Y Growth Analysis, By End User
5.2.7 Market Attractiveness Analysis, By End User
5.2.8 Market Share Analysis, By End User
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Product
6.1.3.3 By End User
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Product
6.1.4.3 By End User
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Product
6.1.5.3 By End User
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7.Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 InBody Co.
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Tanita Corporation
8.3 Omron Corporation
8.4 Hologic
8.5 GE Healthcare
9.Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
11. Appendix
a) List of Tables
b) List of Figures
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